At a glance
Incentives
About
This property is the ultimate blank canvas situated in a high-footfall area which has already undergone significant regeneration.
This property comprises the ground floor (3,409 sq ft) and basement (1,234 sq ft) of a four-storey and basement granite building.
The landlord has invested to return the property to white box standard to attract a new tenant, and would also consider selling the unit for offers in the region of £250,000.
The property benefits from low rent, low business rates, 12-months rate free due to Fresh Start Relief, and is eligible for the Aberdeen City Council's Empty Shops Grant Scheme.
The annual rent on this property is £30,000. ex VAT, which may be applicable. Effective from April 2026, the annual rateable value according to the Scottish Assessors’ Association is £31,500.
Location
The west end of Union Street is thriving once more thanks to two major Grade A office developments - the Silver Fin and the Capitol.
These offices are home to thousands of workers from companies include Shell, RSM Accountants and PwC.
There are three major car parks within short walking distance, and nearby occupiers include Six by Nico, Pret, Cruise, Pizza Express, Starbucks and Soul Bar. There are also a number of thriving independent retailers in this section of the street.
Additional Notes
If you are a Small to Medium Sized Enterprise (SME) you could also qualify for a Business Energy Scotland cash-back grant of up to £30,000 if you are installing energy efficiency or renewable heat measures.
UP TO £70,000 GRANT
This property could be eligible for Aberdeen City Council’s Enhanced Support Grant Scheme where additional funding of up to £70,000 (on a match funded basis) has been made available through the existing grant scheme to target intervention and support units larger than 3,000 square feet or long-term vacant commercial units, which have been unoccupied for more than three years. This enhanced award will be available as a pilot initiative in 2026/27 to address specific barriers to reoccupation of such units, including higher renovation costs and limited demand.
This fund will support project costs for eligible internal physical works and reconfiguration of ground floor vacant Union Street units to enable reoccupation, new commercial activity and support new employment opportunities.
More information is available on Aberdeen City Council's website here with further guidance here, or you can contact unionstreet@aberdeencity.gov.uk
